The market didn’t think they could use the cash to pursue TBI effectively given the disaster of IIH and hence why it’s below cash backing. Once they return the cash to shareholders I see the sp back to 5c or thereabouts. They don’t have a TBI trial designed. This is years away from fruition and likely more capital raises needed along the way. If they had a clear and concise plan then they’d be keeping the cash to prevent dilution down the track.
If the market thought that this board could do something with this drug/cash for TBI we wouldn’t be trading down here.
Mr Market thinks these people can’t organise a root in a brothel.
The market didn’t think they could use the cash to pursue TBI...
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Last
8.6¢ |
Change
0.006(7.50%) |
Mkt cap ! $6.463M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.6¢ | 7.1¢ | $5.611K | 73.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 126146 | 1 |
View Market Depth
| Last trade - 14.30pm 06/05/2024 (20 minute delay) ? |
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Last
7.9¢ |
Change
0.006 ( 2.47 %) |
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| Open | High | Low | Volume | ||
| 7.8¢ | 7.9¢ | 7.8¢ | 97853 | ||
| Last updated 14.27pm 06/05/2024 ? | |||||
| IXC (ASX) Chart |